From the Department of Justice’s US Attorney’s Office in Massachusetts:
The former controller of a Cambridge-based technology company was arrested [on Oct. 7] for embezzling $1 million from the company. The 43-year-old Wellesley man was charged in a criminal complaint with one count of wire fraud.
According to the complaint, the man worked at the company from 2004 until he was fired in July 2015 after the discovery of the theft. He allegedly stole $500,000 from the company on two separate occasions, once in July 2014 and again in June 2015. On both occasions, as the company’s controller, the man had access to its checking account. He allegedly disguised the transactions as transfers of capital to the company’s owner, fabricated records that purported to document legitimate capital transfers, and then planted those records in the company’s files.
This case is being prosecuted by Assistant U.S. Attorney Brian A. Pérez-Daple of Ortiz’s Economic Crimes Unit.
The details contained in the complaint are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
